Albania in Crisis: The Predictable Fall of the Shining Star (Elgar Monographs)

Albania in Crisis: The Predictable Fall of the Shining Star (Elgar Monographs)

By: Daniel Vaughan-Whitehead (author)Hardback

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A comprehensive analysis of Albania. Based upon personal experience and an enterprise-level data set, the book offers an alternative view of the 1997 crisis in Albania in which good economic performance suffered a reversal accompanied by social conflicts.

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Part 1 Assessment - the reasons for the crisis: the apparent rapid success of the Balkan tiger; the profound crisis in industry; difficulties in emerging services; the missing pillar - inadequacy of the banking system; the unemployment shock; impoverishment wages and incomes; the avoidance of social dialogue and participation; the failure of the mass privatization programme; limitations and drawbacks of foreign capital; the collapse of the Albanian pyramid. Part 2 Prospects - Albania after the storm: the extent of the destruction; a halt to economic activity; macroeconomic indicators moving backwards; the social abyss; reviving production forces; reviving life forces.

Product Details

  • publication date: 24/03/1999
  • ISBN13: 9781840640700
  • Format: Hardback
  • Number Of Pages: 400
  • ID: 9781840640700
  • weight: 762
  • ISBN10: 1840640707

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